EU to Detail Proposals for Bank Plan by Sept. 11

By

Matina Stevis

Aug. 6, 2012 10:16 a.m. ET

BRUSSELS—The European Commission plans to detail proposals for a euro-zone banking supervisor—seen by backers as key to stemming the bloc's sovereign-debt crisis—by Sept. 11, a European Union official said Monday.

Leaders of the European Union decided at a Brussels summit in late June to establish a banking supervisor, part of measures to contain the crisis that has seen Greece, Ireland, Portugal and more recently Cyprus and Spain...